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CME live and feeder cattle futures rose sharply on active cash and wholesale business, with December live cattle up $2.50 at $137.90. Direct cash trade in the South was $140 live and in the North $217 dressed.
Feeder cattle were supported by a modestly lower corn market.
Firm cash trade and lower corn costs support feeder cattle values, while higher fed prices reinforce the uptrend in cattle futures.
brownfieldagnews.comNov 24, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Futures jumped on Nov 24 (December up $2.50 to $137.90) on strong cash and wholesale business, adding to the weekly gain.
